WSFS Financial Corp (NASDAQ:WSFS) reported upbeat earnings for the second quarter on Friday.
The company posted quarterly earnings of $1.66 per share which beat the analyst consensus estimate of $1.50 per share. The company reported quarterly sales of $282.500 million which beat the analyst consensus estimate of $187.293 million.
Rodger Levenson, Chairman, CEO and President, said, “WSFS performed well in the second quarter with a 31% year-over-year increase in core EPS. Our results included robust growth in noninterest deposits, a double-digit year-over-year increase in Wealth and Trust fees, and solid loan growth. Asset quality continued to trend positively, with improvement across key metrics. Additionally, we continued to execute our capital return framework through dividends and share repurchases, repurchasing over four percent of outstanding shares in the first half of 2026. These results provide momentum for the second half of the year as reflected in our updated full-year outlook.”
WSFS Financial shares gained 1.4% to trade at $80.98 on Monday.
These analysts made changes to their price targets on WSFS Financial following earnings announcement.
- DA Davidson analyst Jake Civiello maintained the stock with a Neutral and raised the price target from $76 to $83.
- Keefe, Bruyette & Woods analyst Kelly Motta maintained the stock with a Market Perform and raised the price target from $83 to $89.
Considering buying WSFS stock? Here’s what analysts think:
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